92,513 Shares in Bitdeer Technologies Group (NASDAQ:BTDR) Purchased by Knightsbridge Asset Management LLC

Knightsbridge Asset Management LLC purchased a new position in Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 92,513 shares of the company's stock, valued at approximately $2,005,000. Knightsbridge Asset Management LLC owned approximately 0.08% of Bitdeer Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Stonebridge Financial Group LLC purchased a new position in shares of Bitdeer Technologies Group in the fourth quarter worth about $65,000. SBI Securities Co. Ltd. purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $79,000. Wells Fargo & Company MN raised its position in Bitdeer Technologies Group by 56.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,270 shares of the company's stock valued at $93,000 after acquiring an additional 1,540 shares in the last quarter. Quantbot Technologies LP purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $116,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Bitdeer Technologies Group during the fourth quarter valued at approximately $171,000. Institutional investors and hedge funds own 22.25% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Northland Securities lifted their price target on Bitdeer Technologies Group from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods assumed coverage on Bitdeer Technologies Group in a research report on Monday, January 27th. They set an "outperform" rating and a $26.50 price target for the company. Needham & Company LLC reduced their price target on Bitdeer Technologies Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, April 21st. HC Wainwright reissued a "buy" rating and issued a $21.00 price objective (down from $22.00) on shares of Bitdeer Technologies Group in a report on Wednesday, February 26th. Finally, Benchmark reduced their target price on Bitdeer Technologies Group from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $19.50.

Bitdeer Technologies Group Trading Down 3.0 %

Bitdeer Technologies Group stock traded down $0.30 during midday trading on Wednesday, hitting $9.55. 1,597,925 shares of the stock were exchanged, compared to its average volume of 4,538,604. Bitdeer Technologies Group has a fifty-two week low of $5.25 and a fifty-two week high of $26.99. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -18.37 and a beta of 2.25. The stock's 50-day simple moving average is $9.69 and its 200 day simple moving average is $13.59.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.